Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 203 introduces a limitation on the annual appraisal increase for certain leased residential properties used as primary residences. The bill caps annual appraisal increases to 10% for these properties if they meet specific criteria, including being leased at or below the fair market rent as determined by the U.S. Department of Housing and Urban Development for the property’s ZIP code. This cap applies only to single-family residential properties and excludes properties appraised under specific subchapters related to special land use valuations. HB 203 requires property owners to apply annually to qualify for this appraisal cap, effective January 1, 2026, pending voter approval of a constitutional amendment.
Author (1)
Co-Author (5)
Contact the Author
Rep. Vikki Goodwin
Capitol Phone:
(512) 463-0652
Capitol Office:
EXT E2.318
E-Mail:
